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Monday, January 21, 2008
Sheep and Econs?

Article: Australian sheep-shearers decline

Comment:
So far, we have seen many examples of scarcity caused by the lack of resources or land. However, in this article, a different type of problem can be seen. Here, there is clearly no lack of resources, as there are plenty of wool waiting to be sheared, but there is a lack of the supply of labour as nobody in Australia is keen on taking up this job. This has an impact on Australia's economy, as this lack of sheep-shearers is causing inefficiency due to the available resources that are not being utilised fully. The lack of sheep-shearers would cause a direct impact on the wool industry, which is one of Australia's largest industries.

Done By: Eugene

PS: Sorry for the late post. Was sick during the weekends. =(


6:50 PM